NEW YORK, Aug. 10, 2023 /PRNewswire/ — The airport ground support equipment market size is forecast to increase by USD 1,630.63 million from 2022 to 2027, at a CAGR of 4.27%, according to the recent market study by Technavio. The growth of the market will be driven by the rise in construction and upgradation of airports, the growing construction of cargo terminals, and the modernization of airport GSE. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Airport Ground Support Equipment Market 2023-2027 – Company Scope

Technavio has extensively analyzed 15 major companies, including AERO Specialties Inc., Aeroservices Ltd., Alvest SAS, Avia Equipment Pte Ltd., Cavotec SA, China International Marine Containers Group Ltd., Curtis Instruments Inc., ITW GSE ApS, John Bean Technologies Corp., Kalmar Motor AB, Mallaghan GA Inc., MULAG Fahrzeugwerk GmBH u Co. KG, Rheinmetall AG, Sojitz Aerospace Corp., STANGCO Industrial Equipment Inc., Swati Airport Support Services Pvt. Ltd., TCR International N.V., Textron Inc., Tronair Inc., Vestergaard Co., and Weihai Guangtai Airport Equipment Co. Ltd.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of company inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and the company’s product offerings.
• The report also provides a qualitative and quantitative analysis of companies to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

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Airport Ground Support Equipment Market – Segmentation Assessment

The market is segmented by type (powered airport GSE and non-powered GSE) and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The aircraft GSE market share growth by the powered airport GSE segment will be significant during the forecast period. This segment includes tugboats, elevators, ground power equipment, refueling equipment, buses, air launchers, personal watercraft, toilet service vehicles, catering vehicles, and de-icing vehicles. Increased air travel and increased freight transport are driving this adoption. Additionally, airlines and airports are shifting from diesel-powered GSEs to electric-powered GSEs, citing the benefits of lower costs and greater flexibility. Due to the increased use of regional aircraft, the demand for motorized airport GSEs at regional airports is also increasing. Hence, these factors are expected to drive segment growth during the forecast period.
• North America is projected to contribute 31% by 2027. In North America, the aircraft manufacturing supply chain includes several prominent companies, resulting in increased GSE manufacturing activity for aircraft and airports. The region’s aviation market is mature and driven primarily by strong aviation industries in countries such as the US. Hence, these factors are expected to drive segment growth in the region during the forecast period.

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Airport Ground Support Equipment Market – Market Dynamics

Key Driver

The rise in the construction and upgrades of airports is a key factor driving market growth. The number of air passengers is increasing due to the economic development of emerging countries such as India, China, and Indonesia and the growth of the tourism industry. Furthermore, countries such as Spain, China, Italy, the UK, Germany, and Thailand have seen an increase in tourism, which has encouraged investment in new airport construction and improvements. As a result, the demand for airport ground support equipment (GSE) has increased, creating a growth opportunity for market companies. Thus, these factors are expected to drive market growth during the forecast period.

Major Trends

The growing adoption of GSE pooling is a major trend in the market. Rising passenger numbers and the desire for smooth and punctual operations are driving airports and airlines to seek effective and cost-effective solutions. GSE pooling is a ground-handling approach used by airport operators to improve efficiency and reduce costs. As peak demand varies by airline and handler, excess GSE is often stored at airports, taking up unnecessary space and disrupting operations. Therefore, major airports worldwide are embracing the GSE pooling concept. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges

The cost pressure on airport GSE manufacturers is a significant challenge restricting the market growth. Airport component manufacturers face challenges in producing cost-effective, high-quality parts. To succeed in this competitive market, GSE manufacturers must adopt growth strategies. Intense competition and growing consumer demand require us to meet stringent cost targets while ensuring profitability. A small supplier base due to industry consolidation is forcing suppliers to diversify their offerings, which is capital intensive, creates new requirements such as new part design and development, and makes cost control difficult. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Airport Ground Support Equipment Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the airport ground support equipment market between 2023 and 2027
• Precise estimation of the size of the airport ground support equipment market and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the airport ground support equipment market across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of airport ground support equipment market companies.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Power Rating
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global airport ground support equipment market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global airport ground support equipment market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Power rating Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Power rating Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Powered airport GSE – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Powered airport GSE – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Powered airport GSE – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Powered airport GSE – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Powered airport GSE – Year-over-year growth 2022-2027 (%)

• 6.4 Non-powered GSE – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Non-powered GSE – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-powered GSE – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-powered GSE – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-powered GSE – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Power Rating

• 7.1 Market segments
• Exhibit 43: Chart on Power Rating – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Power Rating – Market share 2022-2027 (%)

• 7.2 Comparison by Power Rating 
• Exhibit 45: Chart on Comparison by Power Rating
• Exhibit 46: Data Table on Comparison by Power Rating

• 7.3 Electric – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Electric – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Electric – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Electric – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Electric – Year-over-year growth 2022-2027 (%)

• 7.4 Non-electric – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Non-electric – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Non-electric – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Non-electric – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Non-electric – Year-over-year growth 2022-2027 (%)

• 7.5 Hybrid – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Hybrid – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hybrid – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Power Rating 
• Exhibit 59: Market opportunity by Power Rating ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Canada – Market size and forecast 2022-2027 
• Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered
• Exhibit 110: Companies covered

• 12.2 Market positioning of companies  
• Exhibit 111: Matrix on company position and classification

• 12.3 AERO Specialties Inc.
• Exhibit 112: AERO Specialties Inc. – Overview
• Exhibit 113: AERO Specialties Inc. – Product / Service
• Exhibit 114: AERO Specialties Inc. – Key offerings

• 12.4 Alvest SAS
• Exhibit 115: Alvest SAS – Overview
• Exhibit 116: Alvest SAS – Product / Service
• Exhibit 117: Alvest SAS – Key news
• Exhibit 118: Alvest SAS – Key offerings

• 12.5 Cavotec SA
• Exhibit 119: Cavotec SA – Overview
• Exhibit 120: Cavotec SA – Business segments
• Exhibit 121: Cavotec SA – Key offerings
• Exhibit 122: Cavotec SA – Segment focus

• 12.6 Curtis Instruments Inc. 
• Exhibit 123: Curtis Instruments Inc. – Overview
• Exhibit 124: Curtis Instruments Inc. – Product / Service
• Exhibit 125: Curtis Instruments Inc. – Key offerings

• 12.7 ITW GSE ApS
• Exhibit 126: ITW GSE ApS – Overview
• Exhibit 127: ITW GSE ApS – Product / Service
• Exhibit 128: ITW GSE ApS – Key news
• Exhibit 129: ITW GSE ApS – Key offerings

• 12.8 John Bean Technologies Corp. 
• Exhibit 130: John Bean Technologies Corp. – Overview
• Exhibit 131: John Bean Technologies Corp. – Business segments
• Exhibit 132: John Bean Technologies Corp. – Key offerings
• Exhibit 133: John Bean Technologies Corp. – Segment focus

• 12.9 Mallaghan GA Inc.
• Exhibit 134: Mallaghan GA Inc. – Overview
• Exhibit 135: Mallaghan GA Inc. – Product / Service
• Exhibit 136: Mallaghan GA Inc. – Key news
• Exhibit 137: Mallaghan GA Inc. – Key offerings

• 12.10 MULAG Fahrzeugwerk GmBH u Co. KG 
• Exhibit 138: MULAG Fahrzeugwerk GmBH u Co. KG – Overview
• Exhibit 139: MULAG Fahrzeugwerk GmBH u Co. KG – Product / Service
• Exhibit 140: MULAG Fahrzeugwerk GmBH u Co. KG – Key offerings

• 12.11 Rheinmetall AG
• Exhibit 141: Rheinmetall AG – Overview
• Exhibit 142: Rheinmetall AG – Business segments
• Exhibit 143: Rheinmetall AG – Key news
• Exhibit 144: Rheinmetall AG – Key offerings
• Exhibit 145: Rheinmetall AG – Segment focus

• 12.12 Sojitz Aerospace Corp. 
• Exhibit 146: Sojitz Aerospace Corp. – Overview
• Exhibit 147: Sojitz Aerospace Corp. – Product / Service
• Exhibit 148: Sojitz Aerospace Corp. – Key offerings

• 12.13 TCR International N.V.
• Exhibit 149: TCR International N.V. – Overview
• Exhibit 150: TCR International N.V. – Product / Service
• Exhibit 151: TCR International N.V. – Key offerings

• 12.14 Textron Inc.
• Exhibit 152: Textron Inc. – Overview
• Exhibit 153: Textron Inc. – Business segments
• Exhibit 154: Textron Inc. – Key offerings
• Exhibit 155: Textron Inc. – Segment focus

• 12.15 Tronair Inc.
• Exhibit 156: Tronair Inc. – Overview
• Exhibit 157: Tronair Inc. – Product / Service
• Exhibit 158: Tronair Inc. – Key offerings

• 12.16 Vestergaard Co.
• Exhibit 159: Vestergaard Co. – Overview
• Exhibit 160: Vestergaard Co. – Product / Service
• Exhibit 161: Vestergaard Co. – Key news
• Exhibit 162: Vestergaard Co. – Key offerings

• 12.17 Weihai Guangtai Airport Equipment Co. Ltd 
• Exhibit 163: Weihai Guangtai Airport Equipment Co. Ltd – Overview
• Exhibit 164: Weihai Guangtai Airport Equipment Co. Ltd – Product / Service
• Exhibit 165: Weihai Guangtai Airport Equipment Co. Ltd – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations
• Exhibit 172: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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